Time Warner Cable, Viacom Cut Deal

The channels in the dispute were Comedy Central, Logo, Palladia, MTV, MTV 2, MTV Hits, MTV Jams, MTV Tr3s, Nickelodeon, Noggin, Nick 2, Nicktoons, Spike, The N, TV Land, VH1, VH1 Classic, VH1 Soul and CMT: Pure Country.

Viacom shares rose 88 cents, or 4.5%, to close at $20.12 on Wednesday, while Time Warner Cable shares fell 31 cents, or 1.4%, to $21.45.

AP Business Writer Deborah Yao in Philadelphia contributed to this report.